Stock market down for third session on US-North Korea tension

Vastavam web: Stock market closed down for the third session on Wednesday as the Sensex plunged by over 216 points to end below the 32,000-mark.Tension flared up between the US and North Korea over the the latter’s ballistic missile program, which cast a shadow on domestic stocks here.Selling pressure also gathered momentum following muted June quarter earnings by some companies, they added.

The Sensex recovered partially before settling down 216.35 points, or 0.68 per cent, at 31,797.84 — its lowest closing since July 18.The NSE Nifty also remained under pressure and was down 70.50 points, or 0.71 per cent, to close at 9,908.05. Intra- day, it cracked below the 9,900-mark to touch 9,893.05.